It looks like the bulls are putting up a fight to try and break out of the current bear market (still have a ways to go). Even with the low volume they have been able to make up some ground in the last 24 hours. The following 24-48 hours will be telling. At the moment, we are sitting above the 10, 50, 100, and 200 EMAs; I hope they can provide support for the next days.
There is current resistance around the 10800 mark, the bulls need to break and close above this line and hope to turn it into support. If they are able to do that, I will be watching the 11200 and the 11750 marks.
Only time will tell. At the moment the FOMO has really been getting to me and I want to get back in the game. But I am trying to hold out until stronger volume or some other strong indicator can tell me that it is safe to start making long trades.
Good luck out there.
There is current resistance around the 10800 mark, the bulls need to break and close above this line and hope to turn it into support. If they are able to do that, I will be watching the 11200 and the 11750 marks.
Only time will tell. At the moment the FOMO has really been getting to me and I want to get back in the game. But I am trying to hold out until stronger volume or some other strong indicator can tell me that it is safe to start making long trades.
Good luck out there.